"I welcome the announcement on the settlement worth RM16.6 billion (US$3.9 billion) reached between the Malaysian government and Goldman Sachs over the government's claims related to wrongdoing and misappropriation in the 1MDB case", he said in a media statement today.
Zafrul further explained that Goldman Sachs, at their own expense, would also assist the Malaysian government to appoint an asset recovery specialist to recover offshore assets related to 1MDB.
"With this settlement, we can expedite the repatriation of assets without the judiciary process which would be complex and costly", he said. Goldman Sachs underwrote and arranged bond sales for the wealth fund totalling $6bn.
The settlement brings the 1MDB funds to be returned to Malaysia to RM19 billion (US$4.5 billion), including the funds returned earlier by the US Department of Justice.
"It's a big victory for the Ministry of Finance, Prime Minister [Tan Sri Muhyiddin Yassin] and PN [Perikatan Nasional] to achieve this". "We are not satisfied with that amount", he said at the time, adding that the bank needed to "respond reasonably".
The funds were allegedly used to buy everything from from yachts to artwork, and fund the production of Hollywood films including The Wolf of Wall Street.
Leissner, a former partner at Goldman Sachs in Asia, pleaded guilty in the U.S. in August 2018 to conspiracy to launder money and conspiracy to violate the Foreign Corrupt Practices Act, and agreed to forfeit $43.7m.
The former prime minister has denied any wrongdoing and pleaded not guilty to all the charges against him.
Malaysia at the time also announced separate charges against 17 current and former executives of Goldman Sachs, who allegedly misled investors by making false statements and omitting key facts in relation to the 1MDB bond issuances.
Investors also are weighing the possibility of more government stimulus against a rise in tensions between the US and China. The Dow Jones Industrial Average fell 353 points, or 1.31%, to 26,652, the S&P 500 decline 1.23% and the Nasdaq fell 2.29%.
Mel Gibson battled coronavirus back in April and he spent a week in the hospital while recovering from the virus. Hollywood actor Mel Gibson was hospitalised with coronavirus after being diagnosed "several months ago" .
En effet, la Juventus a battu l'Atalanta lors du match aller (3-1) et les deux équipes se sont quittées dos à dos au retour (2-2). Matthijs De Ligt ouvre le score à la 42 minute et la Juventus regagne les vestiaires avec un avantage au score (0-1).
All airlines in India have taken cost-cutting measures such as pay cuts, LWP and firing of employees in order to conserve cash. In an official tweet, Air India has announced that it will not layoff any of its employees amidst the pandemic crisis.
Pre-Coronavirus, Swift was scheduled for her Lover Fest tour this summer, planning to kick off the four US shows in late July. The album photos were shot by the fantastic @bethgarrabrant. "Love you guys so much", she added.
Mais si les années passent, le grand frère de Charlotte et Louis n'a rien perdu de son sourire communicatif et de son innocence. Né en 2013, le fils de Kate Middleton et le prince William va célébrer son 7 anniversaire aux côtés de ses parents.
Meanwhile Rauf, who has returned five positive tests for COVID-19 out of six, remains asymptomatic and has been isolated. They are expected to travel to England over the weekend, if their second tests return negative results too.
Le but pour les joueurs de Thomas Tuchel c'est de ne pas perdre le rythme après les deux finales prévues ces prochains jours . Une rencontre qui se déroulera à huis clos à 19h (sur beIN SPORTS ), comme le précise le PSG sur son site internet .
If Chelsea win the FA Cup then because they are in the top four, it would mean seventh place would qualify for the Europa League . The rest is true that Musti is injured and we need to assess a little bit how long he is out .
Mediapro bientôt diffusé sur Facebook ?
A l'aube d'un nouveau virage dans le football hexagonal, le flou reste plus que jamais total. Le quotidien précise également que les négociations avec Canal+ seraient " au point mort ".
BBC's His Dark Materials season 2 trailer is here
There certainly is a knife in His Dark Materials' Season 2 , but there's not much that's subtle about it. The trailer for His Dark Materials season 2 also includes a couple of new characters in Dr.
Khloe Kardashian talks about lockdown life
Kanye West and Kim Kardashian arrive at the at WSJ Mag 2019 Innovator Awards at The Museum of Modern Art in New York City. The reality star also shared a rule she follows with daughter True Thompson.
Fabinho's home burgled as he celebrated Liverpool's win
Fabinho's property in Formby was raided in the early hours of yesterday - just hours after he'd been on the stage at Anfield. A spokesman for Merseyside Police said in a statement to British media that the vehicle had since been recovered in Wigan.